Reuters Group PLC - Scheme of arrangement
RNS Number:3044S
Reuters Group PLC
14 April 2008
14 April 2008
Reuters Group PLC - Announcement of Court Approval of the Scheme of Arrangement
Reuters Group PLC (Reuters or the Company) announces that the Court today
approved the proposed scheme of arrangement under section 425 of the Companies
Act 1985 (the Scheme) to effect the acquisition of the Company by The Thomson
Corporation (Thomson). The Scheme and its implementation were approved by the
requisite majorities of the Company's shareholders at meetings held on 26 March
2008.
The Acquisition remains conditional upon the confirmation of the capital
reduction comprised within the Scheme by the Court and an office copy of the
Court Order relating to the reduction of capital being delivered to, and
registered by, the Registrar of Companies. Provided that the Court Order is so
registered, Reuters has requested that the FSA cancel the listing, and London
Stock Exchange cancel the trading, of Ordinary Shares with effect from 8.00 a.m.
on Thursday 17 April 2008.
Capitalised terms used, but not defined, in this announcement have the meaning
given to them in the circular in relation to the Scheme posted to Reuters
Shareholders on 29 February 2008.
The expected timetable of remaining events is as follows:
Second Court Hearing Date to confirm the Capital Reduction: 16 April 2008
Effective Date of the Scheme: 17 April 2008
Commencement of Dealings in Thomson Reuters PLC Shares on
the London Stock Exchange: 8.00 a.m. on 17 April 2008
About Reuters
Reuters (www.reuters.com), the global information company, provides
indispensable information tailored for professionals in the financial services,
media and corporate markets. Through reuters.com and other digital properties,
Reuters now also supplies its trusted content direct to individuals. Reuters
drives decision making across the globe based on a reputation for speed,
accuracy and independence. Reuters has 17,900 staff in 143 countries, including
over 2,300 editorial staff in 197 bureaux serving 132 countries. In 2007,
Reuters revenues were £2.6 billion.
Contacts
Investor Relations enquiries
Chris Collett
Head of Investor Relations
+44 (0) 207 542 2867
+44 (0) 7990 561071
chris.collett@reuters.com
Media enquiries
Frank De Maria
Head of Media Relations
+1 917 215 4484
frank.demaria@reuters.com
Victoria Brough
Global Head of Financial PR
+44 (0) 207 542 8763
+44 (0) 7967 044840
victoria.brough@reuters.com
This information is provided by RNS
The company news service from the London Stock Exchange
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